Texel Industries Limited has secured the AASHTO Compliance Authentication Certificate for its Geotextiles GTX Work Plan, confirming adherence to internationally recognized standards. The certification validates that the company's manufacturing facility in Kheda, Gujarat, complies with the applicable requirements of the AASHTO Product Evaluation & Audit Solutions framework. This achievement underscores the company's focus on quality and compliance in its production processes.

The authentication was granted following an evaluation of the geotextile manufacturing facility covered under the AASHTO framework. The certificate serves as a formal confirmation that the operations at the Kheda location meet the necessary technical and quality benchmarks set by the authority.

The disclosure was made to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that this development reflects its continued commitment to maintaining high standards in its manufacturing capabilities.

Shailesh Ramniklal Mehta, Managing Director of Texel Industries, signed the regulatory filing submitted on June 24, 2026.

Texel Industries Limited reported a profit after tax of ₹52.99 crore for the financial year ended March 31, 2026 (FY26), a decrease from ₹45.61 crore in the previous year. The company recorded a loss of ₹8.54 crore for the quarter ended March 31, 2026 (Q4FY26), compared to a profit of ₹38.27 crore in the same period last year. Revenue from operations for FY26 stood at ₹990.82 crore, down from ₹1,157.08 crore in FY25.

The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 29, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board also re-appointed M/s. Sweta Patel & Associates as the internal auditor of the company. Statutory Auditors M/s Sunil Poddar & Co. issued an unmodified opinion on the results.

Financial Performance

The company's total income for FY26 was ₹1,009.58 crore, a decline from ₹1,211.74 crore in the previous year. Total expenses for the year amounted to ₹978.02 crore, compared to ₹1,164.51 crore in FY25. For Q4FY26, total income was ₹251.91 crore against total expenses of ₹280.30 crore, resulting in a loss before tax of ₹28.38 crore.

Auditor's Emphasis

The auditors drew attention to Note 34 regarding other expenses, which includes a write-off of unreconciled GST Input Tax credit from earlier periods amounting to ₹2.73 crore. Additionally, the auditors highlighted investments and unsecured loans granted to Texel Industries (Africa) Limited, a wholly owned subsidiary whose net worth has been fully eroded as of the balance sheet date.

Segment Performance

The company operates primarily in two segments: Technical Textile and Land, Building & Property Development. For FY26, the Technical Textile segment reported revenue of ₹942.82 crore, while the Land, Building & Property Development segment reported revenue of ₹47.99 crore.